Home / BUSINESS / Paisalo Digital strengthens on signing co-origination loan agreement with Bank of Baroda

Paisalo Digital strengthens on signing co-origination loan agreement with Bank of Baroda

Paisalo Digital is currently trading at Rs. 412.25, up by 3.10 points or 0.76% from its previous closing of Rs. 409.15 on the BSE.

The scrip opened at Rs. 412.10 and has touched a high and low of Rs. 412.30 and Rs. 412.10 respectively. So far 5000 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 469.00 on 20-May-2019 and a 52 week low of Rs. 291.00 on 14-Mar-2019.

Last one week high and low of the scrip stood at Rs. 413.00 and Rs. 393.50 respectively. The current market cap of the company is Rs. 1730.39 crore.

The promoters holding in the company stood at 46.07%, while Institutions and Non-Institutions held 29.81% and 24.12% respectively.

Paisalo Digital has signed its co-origination loan agreement with Bank of Baroda, the second largest public sector Bank in India. This is Company’s third Co-origination Agreement with any Bank, before Bank of Baroda, Paisalo Digital has already co-origination loan tie-up with State Bank of India and Bank of Maharashtra.

Under this tie-up both the entities would jointly reach out to prospective customers and conduct due diligence for extending small ticket Size ranging Rs 10,000 to Rs 40,000, loans in India with special focus on Uttar Pradesh.

Paisalo Digital is a leading systemically important Non-Deposit taking NBFC registered with the Reserve Bank of India (RBI), in operation since 1992. The company’s main thrust is on small finance to ensure rural development, self-employment and women-empowerment.

Please share this news